Thomas Adelt and Christian Römmele
a digital approach to planning capital expenditure projects
Nowadays, even farmers start the working day on a computer, for example by looking at the weather forecast, checking grain prices, or analyzing their latest livestock data.
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However, the increasing digital management of agriculture is not just limited to these practical tasks. Farmers are also using online channels in connection with necessary capital expenditure projects, both to search for the equipment they need to buy and to find financing solutions that offer broader financial latitude.
Smart access to development funding opportunities
Thomas Adelt explains the initiative from the Investment Promotion division: “The new tool provides farmers with smart access to key information on public-sector development loans and suggests individualized ways in which users can optimize their own finances with the help of banks in the Volksbanken Raiffeisenbanken cooperative financial network.” Formalities are cut to a minimum by using data already available in the 365FarmNet system.
The VR-AgrarInvestplan includes a news feed that supplies details on key areas of development lending, the latest development offers for agricultural businesses, and information on other topics relevant for farmers. Agricultural businesses can use the development funding check to obtain – without any obligation – a fast overview of development funding options suitable for their capital expenditure projects. Subsequently, the integrated bank search function connects the farmer specifically with the chosen financing partner from the Volksbanken Raiffeisenbanken cooperative financial network. The first prototype of VR-AgrarInvestplan was presented at the EuroTier trade fair, where it attracted a huge amount of interest.
“The new tool provides farmers with smart access to key information on public-sector development loans and suggests individualized ways in which users can optimize their own
The VR-AgrarInvestplan was one of the first projects developed in the newly created